Domestically produced farm food priced at$20 in 2000→$29.12 in 2018

Historical Price Inflation for Domestically produced farm food

Prices for Domestically Produced Farm Food, 2000-2018 ($20)

According to the U.S. Bureau of Labor Statistics, prices for domestically produced farm food were
45.60% higher
in 2018 versus 2000 (a $9.12 difference in value).

Between 2000 and 2018:Domestically produced farm food experienced an average inflation rate of 2.11% per year.
This rate of change indicates significant inflation.
In other words, domestically produced farm food costing $20 in the year 2000 would cost $29.12 in 2018 for an equivalent purchase.
Compared to the overall inflation rate of 2.12% during this same period, inflation for domestically produced farm food was
lower.

In the year 2000: Pricing changed by 2.15%, which is
above the average yearly
change for domestically produced farm food during the 2000-2018 time period.
Compared to inflation for all items in 2000 (3.38%), inflation for domestically produced farm food was
lower.

Price Inflation for Domestically produced farm food since 1971

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing:
1973 (17.27%),
1974 (13.80%),
and 1979 (11.71%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Domestically produced farm food:

Buying power of $20 since 2000

Below are calculations of equivalent buying power for Domestically produced farm food, over time, for $20 beginning in 2000. Each of the amounts below is equivalent in terms of what it could buy at the time:

How to calculate the inflation rate for domestically produced farm food, 2000-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2000* 2000 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Domestically produced farm food was 170.138 in the year 2000 and 247.714 in 2018:

247.714 / 170.138* $20 = $29.12

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 2000 has the same "purchasing power" as $29.12 in 2018 (in the CPI category of Domestically produced farm food).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Domestically produced farm food in 1971. In addition to domestically produced farm food, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.